Expert answers for all things payroll, benefits, and HR.

Can I have an FSA and an HSA at the same time?

So you just got a new gig, and your benefits package is out of this world! You’re wondering, what all can I take advantage of?

When it comes to an FSA, or flexible spending account, you can have one with any type of insurance plan. When it comes to an HSA, or health savings account, you can only have one if you have a High Deductible Health Plan. And when it comes to both? If you have an HSA you can only have a limited purpose FSA. A limited purpose FSA is typically for qualified dental and vision expenses only, so any medical costs would need to be paid via your HSA, insurance, or out of pocket.

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Gusto’s mission is to create a world where work empowers a better life. By making the most complicated business tasks simple and personal, Gusto is reimagining payroll, benefits and HR for modern companies. Gusto serves over 40,000 companies nationwide and has offices in San Francisco and Denver.